Magnetar Financial LLC Takes $213,000 Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Magnetar Financial LLC bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,400 shares of the software maker’s stock, valued at approximately $213,000.

A number of other large investors have also added to or reduced their stakes in NSIT. Geode Capital Management LLC boosted its stake in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after buying an additional 10,711 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Insight Enterprises in the fourth quarter worth about $2,494,000. Principal Financial Group Inc. boosted its position in Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock worth $21,833,000 after purchasing an additional 1,653 shares during the last quarter. New York Life Investment Management LLC bought a new stake in shares of Insight Enterprises during the 4th quarter valued at about $449,000. Finally, Barclays PLC increased its position in shares of Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after purchasing an additional 36,132 shares during the last quarter.

Insight Enterprises Stock Performance

NSIT opened at $154.18 on Monday. The company’s 50 day moving average is $162.77 and its 200 day moving average is $175.08. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.40 and a beta of 1.40. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the firm posted $2.98 EPS. On average, equities research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.